Amazon Inks Pact To Stream Content From India's Government-Run Studios - Amazon.com (NASDAQ:AMZN)

Amazon.Com, Inc AMZN has signed an agreement with India’s broadcasting ministry to stream movies as well as TV shows from government-run productions.
The National Film Development Corporation (NFDC) and IMDb will work together to help enable the discoverability of India’s creative talent by listing their profiles and skill sets on the ranking platform.
The agreement will also provide internships to students from government film institutes, enabling them to gain real work exposure.
Amazon.in will also curate a special storefront feature to promote books and journals across genre reflecting India’s heritage.
“As the Indian economy expands at a fast-clip, Amazon is uniquely placed to contribute to the nation’s growth journey on multiple fronts including e-commerce, logistics, digital skilling, cloud computing, payments, artificial intelligence and in building the creative economy,” said Chetan Krishnaswamy, Vice President Public Policy at Amazon India.
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Price Action: AMZN shares are trading lower by 2.56% at $101.29 on the last check Wednesday.